IQM Quantum Computers Plc will see 262,462,360 of its shares admitted to trading on Nasdaq Helsinki beginning July 3, expanding stock availability for the European market. The listing follows approval from Nasdaq Helsinki and aims to bolster liquidity for the quantum computing firm, especially for retail investors. To stabilize trading, IQM has contracted Lago Kapital Oy as a market maker, committing to continuous bid and offer prices with a maximum spread of 4 percent of the bid price. This market-making agreement is initially fixed for three months, continuing thereafter with one month’s notice, a timeframe intended to increase share liquidity and support efficient price alignment with its US-listed American Depositary Shares.
This listing, approved by Nasdaq Helsinki, extends trading options for IQM beyond its existing American Depositary Shares on the Nasdaq Stock Market LLC in the United States, potentially broadening its investor base and enhancing overall market participation. The move is designed to improve liquidity, particularly for retail investors, and facilitate price alignment between the two markets, a key consideration given the early stage of quantum computing investment. IQM’s decision to pursue dual-market access underscores a strategic effort to solidify its financial position as it scales quantum system development and deployment. To proactively manage trading stability following the listing, IQM has secured a market-making agreement with Lago Kapital Oy. Lago’s financial commitment is quantified by a minimum quote coverage of shares equivalent to at least EUR 3,000, demonstrating a significant investment in maintaining an active market for the stock.
Lago undertakes to provide a bid and offer for the Company’s shares on the Nasdaq Helsinki trading system on every trading day for at least eighty-five percent of the continuous trading session, a level of commitment designed to encourage consistent trading activity. The initial term of the market-making agreement is fixed at three months, after which it transitions to a one-month notice period for continuation. This relatively short initial commitment period, while standard for market-making agreements, suggests a cautious approach to assessing long-term market stability. The company stated that the market-making arrangement is intended to increase share liquidity and reduce price volatility. IQM, founded in 2019 and headquartered in Espoo, Finland, currently employs over 400 people globally and maintains a strong record of deployed quantum systems across Europe, Asia, and North America, positioning it as a key player in the evolving quantum field.
